Social Security Gets Clean Bill of Health from CBO

August 25, 2008

From the Economic Policy Institute (EPI): Fears about the future of Social Security were allayed on Friday by a new report issued by the independent Congressional Budget Office. The report finds that not only can future beneficiaries keep counting on receiving benefits in retirement, they can expect those benefits to be larger – even after adjusting for inflation – than those being paid to today’s retirees. Bush and company in 2005 failed miserably to convince the American public that Social Security privatization was the holy grail of retirement security. Doomsayers will continue to claim the sky is falling, but the facts tell a different story. EPI outlines the CBO's findings in a new Policy Memo.